Tohoku Electric secures Mozambique LNG volumes

Tohoku Electric secures Mozambique LNG volumesIllustration purposes only (Image courtesy of Anadarko)

Japanese utility Tohoku Electric Power on Monday said it has secured volumes from the Anadarko-led liquefied natural gas project in Mozambique. 

Tohoku Electric said it would import up to 280,000 tons of LNG from the project over a period of 15 years, with deliveries to start in the early 2020s when the project is expected to start production.

The company said this is its first deal for LNG volumes produced in the African continent as well as its first long-term deal.

It also goes along with Tohoku Electric’s plan to boost diversification and security of LNG supply.

Anadarko and its partners have discovered more than 75 Tcf of natural gas resources in the Prosperidade and Golfinho/Atum complexes in Mozambique’s Offshore Area 1, which will be used to feed an onshore LNG terminal on the Afungi peninsula in Cabo Delgado province.

The discovered reserves in Mozambique are sufficient to support two initial LNG trains, as well as to accommodate expansions, including additional trains capable of producing about 50 mtpa, according to Anadarko.

Besides Anadarko, partners in the Mozambique LNG project are Empresa Nacional de Hidrocarbonetos (ENH), Mitsui E&P Mozambique Area1, ONGC Videsh, Bharat PetroResources, PTT Exploration & Production and Oil India.

 

LNG World News Staff

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